I made 75 pips off that double bottom! Bought as price made a lower low but also diverged on the 15minute MACD

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ohh no you understood me. but i see where you are coming from

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If the stop is in and my power goes off, it still get tripped since i placed the order with my broker, not my computer. its like when i leave a trade overnight and wake up to gains because my TP was hit.

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aha thanks .. it's over now though .. saw some fireworks tonight in my hometown

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Im not near there .. south western ontario

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How you doing tonight/this morning?

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I favor longs currently since we have touched support. Although I do not have a position currently, just what I see.

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Sure .. if they trade against u and u forget to place a SL and realize you are deep in the hole the next time you are at the computer, then tough luck lol

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or you could place the market order to buy or sell, write down you stop and limit on a piece of paper and execute it manually when it gets there

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Just dont leave a position open when you're not at the comp! use an sms alert service to text you when a price is crossed

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nice little nose dive!

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I dont understand what good hedging does. Why lock in profit, just take it. I would assume u can change the entry orders around the same as moving a stop up or down.

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no one knows. but until then ill keep trading with a US broker. and i love micro. they are fast on withdrawals and my positions can be as large as need be, and as small as 1k

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why! i like this! im glad my broker follows this (FXCM), the more regulated the broker is, the safer your money is!

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thats how it is in futures .. there is also the first in first out .. so when u want to close a market order for a pair and you have like 3 open, the first is closed first, second second etc. it will enforce smarter trading

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i like this idea!

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You can still place a stop! you just place it as an entry order.

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if you buy 10k GBP/USD at 1.65, to close the trade is the same as selling the position back, correct? so in this case, you click on 'close trade' which then sells your position. instead of entering in a number in the 'limit order' box, you have to ...

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50 pips a day!

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i just got the FIFO rules. its not too bad. you can still place a stop and a limit, you just have to place it as an entry order.

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